Blog Index
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Retail rents are setting records again in many of the hot New York City neighborhoods. |
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Relocating an old structure is not routine, that should be understood. |
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Do Not Rush to Construction: Make Sure Final Designs are Really Final |
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Design changes to add value can lower your rate of return, if not made on time. |
Changes made after completion of the design documents are common causes for delays and cost overruns. Often developers will push to complete drawings and break ground without thoroughly understanding the design. That push can lead to an untimely realization that various design aspects have not been thoroughly considered by the owner, and possibly not optimized for the specific market demand.
If the sales team comes in later and suggests changes to add value, a critical decision point arrives for the developer. Should I make changes and risk delays and overruns? Will the benefits outweigh the costs? This is not a decision to be taken lightly as the overall rate of return could be enhanced or diminished based on the next move.
Keep control over your projects and minimize mistakes, delays and cost overruns.
Identify and correct problems early with proactive expert monitoring and coordination of the design and construction process.
We serve New York City and the greater metropolitan region on commercial, residential, institutional, governmental and retail projects.